You may wish to read our guide to joining the Chromatic family here.

Rental Property Address *

Property Type *

Do you own the property together with anyone else? (ie. as joint tenants, tenants in common, or a partnership carrying on a rental property business)

Yes

No - it belongs 100% to me

Please provide names and ownership portions of all co-owners.

First Name (as per photo ID) *

Last Name (as per photo ID) *

Financial Year Ended *

Are the owner/s registered for GST?

Yes

Please provide ABN under which GST from the property is paid

Was this property bought OR sold during this tax year?

Bought

Sold

No sale but first time rented

Please enter the date the property was first available for rent:

Please provide purchase and/or sale contract, settlement statement, and invoices for any other costs e.g. conveyancer or agent fees

Please note - if the property has been your principal residence and also used for rent or business income, there may be capital gains tax consequences. Please discuss this with us so we can review your specific case for the primary residence exemption rules and ascertain how much tax there may be before you sell.

Were there any periods during the year in which the property was NOT available for rent? (e.g. you were living there, it was being renovated, or it was otherwise not tenanted or advertised for rent)

Yes

Please provide details on the periods the property was/was not rented out

Did your tenant(s) have use and enjoyment of the whole property?

Yes

No - I live there too

No - I run my business there

Is there (or was there for part of the year) a loan or finance on the property? (Note it is the interest cost that is deductible, and application fees etc, generally not the entire repayment)

Yes

Did you take out a loan or refinance the property during the year? Please make sure you advise us of borrowing costs (eg establishment fees, title search fees, mortgage fees) so these can be deducted over 5 years (or the length of the loan, if shorter)

Yes - Refinance

Yes - Purchased

Please upload the last statement of the old loan/s, and the first statement of the new loan/s, including any application or legal fees relating to the loan/s.

Please upload loan statement/s to confirm total interest and charges for the year

Only the interest on the property-related monies taken from the loan can be deducted against the rent. Please contact us or provide comments at the end of this form if required.

Were funds from the property loan/s used for anything other than the purchase or build/renovation of this property? This includes unrelated debt refinanced into the property loan or drawdowns used for personal or other purposes.

Yes

Please upload all loan statements for the year and highlight/indicate all personal or other use withdrawals. If the mixed use began previously, please provide prior year statements OR details of the makeup of the opening balance at 1 July.

Do you have an agent managing the rent collection and property management for you?

Yes

Yes - changed, stopped or started this year

No - I collect and manage my own property

Please upload agent statements to cover all rent collected and agent-paid expenses for the year

Was there any other income related to the property paid or owing to you? (For example, rental bond, insurance payouts, letting and booking fees received, and any reimbursement of expenses)

Yes

Please upload documents detailing all income NOT included on any agent statements. E.G. the statements of a dedicated bank account, invoices you issued, insurance claim documents, bond claims etc

Please upload invoices or documents showing your expenses NOT included on any agent statements. E.G. invoices/receipts, bank statements or payment confirmations, etc

Have you purchased appliances, furniture or made improvements to the property? *

Yes - this year

Yes - previously

Please provide invoices for appliances, furniture, improvements

Please provide Asset Depreciation schedule from your last tax return if not completed by Chromatic

If your property OR significant renovations or additions are less than 20 years old, have you obtained or considered a surveyor's depreciation report?

Yes - I have one

No - property is older

No - I want more information

While properties up to 40 years old may be eligible to claim deductions based on these reports, we find the cost of the report can outweigh the tax savings after the first 20 or so years. Contact us to discuss the pros and cons if you are unsure.

Surveyor reports can be lengthy, we are mostly interested in the "Diminishing Value Method Summary" section. If the report was obtained during the year, please add in the invoice so we can claim that too!

Please upload quantity surveyor's depreciation report.

Are you registered or required to register for land tax in the state or territory where the property is located? *

Yes

Not sure

Please upload the Land Tax assessment for the year, and/or any other documents you feel may be relevant to your return:

If there are multiple properties on the assessment, please include the calculation page with the values of each property assessed.

Do you have any questions or is there anything else we should know about this property? E.G. are you thinking of refinancing, selling, moving in yourself, anything else of note

I declare I have included all property related income and all expenses included herein are related to the income from the property. I have considered and answered all questions to the best of my knowledge, for the purpose of Chromatic Accounting & Tax preparing income tax returns as my Tax Agent: *

Yes